With the US equity markets up just 2.3% in the third quarter, the 2.2% average stock gain recorded by the traditional US asset managers kept year-to-date average total returns for the group above the market's return (as represented by the S&P 500 TR index) at the end of September.
With $1.897 trillion in AUM at the end of August 2026, T. Rowe Price is one of the larger US-based asset managers. Retirement accounts and variable-annuity portfolios, which tend to be stickier than retail assets, account for close to two-thirds of managed assets.
The firm's equity performance remains weak, with just 25% and 26% of US fund AUM beating passive peer medians on a three- and five-year basis, respectively, at the end of June 2026.
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.08 | 11.18 | 11.09 |
Price/Book Value | 2.02 | 1.24 | 1.34 |
Price/Sales | 2.99 | 1.85 | 1.72 |
Price/Cash Flow | 15.38 | 6.94 | 17.50 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | 9.63 | 6.82 | 2.84 |
Current Ratio | 9.63 | 6.82 | 2.84 |
Interest Coverage | — | −2.05 | 18.11 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 15.57% | 4.12% | 4.49% |
Return on Equity (Normalized) | 21.09% | 11.11% | 12.50% |
Return on Invested Capital (Normalized) | 17.37% | 5.80% | 5.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|%<$wM&w& | LOCK|^J | $173B | |||
| Blackstone Inc
BX
| LOCK|K&Sv$F | LOCK|v& | $94B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|S<@&N!Z | LOCK|BT$^D | $82B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|^&^^@#! | LOCK|$$$Mm | $75B | |||
| Apollo Global Management Inc
APO
| LOCK|%n^&H>h | LOCK|#!#MP | $67B | |||
| State Street Corp
STT
| LOCK|bmM@#F | LOCK|!? | $46B | |||
| Ameriprise Financial Inc
AMP
| LOCK|%%QVL? | LOCK|MMP$ | $43B | |||
| Northern Trust Corp
NTRS
| LOCK|P$DJNpln | LOCK|#g | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|V^B^?hM | LOCK|%l#Jg | $30B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|hgN$!^% | LOCK|>Qz& | $28B |
United States